I wouldn't say "unexpected" because last time I traded SGY it did the same thing... pulled back below VWAP and grinded all the way past HOD. I had homerun mentality. Was up $5K after $5 crack but didn't cover. My thesis was using "relative volume" indicator. As long as no danger sign I would stay in the position but man the price action diverged from volume!!!!! I told myself $5 MUST peak out or I would cover all but when it blew over that lvl I kept rationalizing and thinking what if it traveled a bit further before the pull. Finally volume started to surge and I covered all and flipped long and I realized it was breakout fakeout action I immediately sold long position and reshorted but man this thing was just hard to trade. I covered when it looked like about approaching HOD and decided to eat lunch and attack after 2:30pm
Didn't intend to watch it but the lower low caught me interested so I thought what if it slowly faded back down through the day. So I started shorting at $5.10ish risking $5.20. After 3pm it still didn't do what I expected so I covered which turned out to be the best trade of the day.
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